There were 29 new listings entered in our MLS system in January. Out of those, 20 are already under contract or have sold…
Author: Lee Riley
REAL ESTATE: The Riley Report
Now for the latest real estate news. Total sales for the year in 2021 were up 23%…
REAL ESTATE: The Riley Report
Land inventory is way down as well. There are 218 vacant land properties available today. There were 432 available a year ago and 603 the year before that…
REAL ESTATE: The Riley Report
Now for the latest real estate news. I’m beginning to sound like a broken record. Sales continue to slow down due to lack of inventory….
REAL ESTATE: The Riley Report
Buyers – if you see it and you like it, buy it now! I don’t expect prices to drop. I do not see a bubble…
REAL ESTATE: The Riley Report
Building costs are also way up. I just spoke to one of our local builders who told me his material costs have more than doubled over the last year…
REAL ESTATE: The Riley Report
Hopefully we will start to see some of the spec homes that were started this spring hit the market soon…
REAL ESTATE: The Riley Report
Some good news for buyers is that there’s been an increase in inventory. Two months ago, there were 63 homes available on the market, and today there are 125…
REAL ESTATE: The Riley Report
Like a snowball rolling downhill, the real estate market is only gaining steam…
REAL ESTATE: The Riley Report
My initial question was, “How can sales be up if we don’t have anything to sell due to lack of inventory?”
REAL ESTATE: The Riley Report
Normally I include a Featured Home at the end of my monthly newsletter, but for the second month in a row, I don’t have any homes or condos available…
REAL ESTATE: The Riley Report
So what does the future look like? I just pulled out my crystal ball and it’s telling me sales will be strong for the first part of the year…
REAL ESTATE: The Riley Report
On September 1st, sales were up 1% for the year. After an extremely busy fall, we ended the year up 32%…
REAL ESTATE: The Riley Report
Now for the latest real estate news. All is good if you are a seller. Overall year-to-date sales are up 25%, compared to 21% last month…
REAL ESTATE: The Riley Report
I am currently working on a transaction unlike anything I’ve seen in over 30 years in the business…
REAL ESTATE: The Riley Report
Pagosa seems to be busier than normal – lots of traffic! The restaurants are busy, the contractors are overwhelmed, and the real estate market is still hopping…
REAL ESTATE: The Riley Report
One word sums it up: Wow! I’ve been selling real estate here for over 30 years. These past 60 days have been the busiest I’ve ever seen…
REAL ESTATE: The Riley Report
If you get a postcard with a chipmunk and a can of nuts, that’s from me. The market is going nuts!